SE Asia Stocks-Slightly firmer; Thailand recovers from 1-week low
April 9 (Reuters) - Southeast Asian stock markets edged up on Wednesday after Wall Street reversed a three-day losing streak, with Thailand shares recovering from a more than one-week closing low hit in the previous session. Stock markets in the Philippines and Vietnam were closed for a holiday, while Indonesia was also shut due to parliamentary elections on Wednesday. Thailand stock index was up 0.3 percent by midday, led by energy shares, a day after the market witnessed $42.1 million inflows, which helped boost sentiment. The index closed at 1,379.34 on Tuesday, the lowest since March 31. Bangkok-based KGI Securities in an investor note said investors were monitoring external factors such as U.S. Fed minutes, which will be released later in the day, and upcoming U.S. earnings results for more cues. A legal case against the caretaker Thai prime minister and government weighed on sentiment, but legal charges against the prime minister is expected be lodged after the holidays mid of April. "In the meantime, investors should continue to stick with 1Q14 earnings theme," KGI Securities said. Singapore stock index was up 0.1 percent, gaining for a second straight session. Shares in Golden Agri-Resources outperformed the market with a 2.5 percent gain to hit a 3-1/2 week high, while telecommunication stocks in Singapore underperformed. Malaysian stocks also edged up 0.1 percent. Meanwhile, millions of Indonesians voted for a new parliament on Wednesday in a poll expected to be dominated by the opposition Indonesian Democratic Party-Struggle (PDI-P), boosting the chances of its popular candidate in a presidential election three months from now, a move that has been welcomed by the markets and investors. For Asian Companies, click For South East Asia Hot Stock reports, click SOUTHEAST ASIAN STOCK MARKETS Change at 0548 GMT Market Current Prev Close Pct Move TR SE Asia Index* 418.49 417.20 +0.31 Singapore 3207.29 3204.09 +0.10 Kuala Lumpur 1854.09 1852.31 +0.10 Bangkok 1383.56 1379.34 +0.31 ($1 = 32.3400 Thai Baht) (Reporting by Shihar Aneez in Colombo and Viparat Jantraprap in Bangkok; Editing by Anand Basu)
© Thomson Reuters 2016 All rights reserved.